Kinetic theory for the emergence of complex behavior in social and economic systems

Kinetic models in information percolation and mean-field games

Ravi Srinivasan

The University of Texas at Austin
[SLIDES]

Information flows in large populations have been studied in a variety of contexts. We will discuss some 'Boltzmann-like' models of information percolation and corresponding mean-field games, in which agents adopt strategies to optimize their individual welfare. Recent related work by economists on the role of innovation in economic growth will also be touched upon.